Santos is battling blocked heat exchangers, failed subsea valves, and faulty safety doors 285km north of Darwin so it can reap the reward of high gas prices in Asia.
ASX-listed Triangle Energy owns the majority of the shuttered Cliff Head oil field off WA's Mid-West coast. It also explores for oil and gas in the Perth basin and overseas.
A struggling deal between two companies will determine if an unused oil platform off the WA coast is used for carbon storage or needs to be decommissioned.
Triangle Energy has six months to find a viable route to market for oil that now goes to BP Kwinana or its Cliff Head operation could become a liability for the Federal Government.
